current account deficit

South Africa's current account deficit in the fourth quarter of 2010 narrowed to 0.6 percent of the Gross Domestic Product (GDP) since 2003, said the Reserve Bank on Tuesday. "The balance on current account registered a significantly smaller deficit of R17.0 billion (or 0.6 percent) of GDP in the fourth quarter of 2010 – a similar magnitude was last recorded in the fourth quarter of 2003," said the bank in its Quarterly Bulletin on Tuesday. The March bulletin comes as the Reserve Bank's … [Read more...] about SA Current Account Deficit Narrows